American Financial Group, Inc. Announces the Pricing of $150 Million Aggregate Principal Amount of Subordinated Debentures Due 2055
The offering is expected to close on
The net proceeds of the offering will be used for general corporate purposes, which may include repurchases of the Company’s outstanding common stock.
This offering is being made pursuant to an effective shelf registration
statement previously filed with the
Merrill Lynch, Pierce, Fenner & Smith Incorporated, at 222 Broadway, 11th Floor, New York, NY10038, Attention: Prospectus Department, toll free number: 1-800-294-1322 or email: email@example.com;
UBS Securities LLC, at 1285 Avenue of the Americas, New York, New York10019, Attention: Fixed Income Syndicate, toll-free number: 1-888-827-7275; and
Wells Fargo Securities, LLC, at 608 2nd Avenue, South Minneapolis, Minnesota55402, Attention: WFS Customer Service, toll-free number: 1-800-645-3751 or email: firstname.lastname@example.org.
Alternatively, one may obtain these documents for free by visiting EDGAR
This press release does not constitute an offer to sell or a solicitation of an offer to buy any securities, nor does it constitute an offer, solicitation or sale in any jurisdiction where such offer, solicitation or sale is not permitted.
Forward Looking Statements
This press release contains certain statements that may be deemed to be “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. All statements in this press release not dealing with historical results are forward-looking and are based on estimates, assumptions and projections. Examples of such forward-looking statements include statements relating to: AFG’s expectations concerning market and other conditions and their effect on future premiums, revenues, earnings and investment activities; recoverability of asset values; expected losses and the adequacy of reserves for long-term care, asbestos, environmental pollution and mass tort claims; rate changes; and improved loss experience.
Actual results and/or financial condition could differ materially from
those contained in or implied by such forward-looking statements for a
variety of reasons including but not limited to: changes in financial,
political and economic conditions, including changes in interest and
inflation rates, currency fluctuations and extended economic recessions
or expansions in the U.S. and/or abroad; performance of securities
markets; AFG’s ability to estimate accurately the likelihood, magnitude
and timing of any losses in connection with investments in the
non-agency residential mortgage market; new legislation or declines in
credit quality or credit ratings that could have a material impact on
the valuation of securities in AFG’s investment portfolio; the
availability of capital; the possibility that the pending sale of AFG’s
run-off long-term care business is not consummated; regulatory actions
(including changes in statutory accounting rules); changes in the legal
environment affecting AFG or its customers; tax law and accounting
changes; levels of natural catastrophes and severe weather, terrorist
activities (including any nuclear, biological, chemical or radiological
events), incidents of war or losses resulting from civil unrest and
other major losses; development of insurance loss reserves and
establishment of other reserves, particularly with respect to amounts
associated with asbestos and environmental claims and AFG’s run-off
long-term care business; availability of reinsurance and ability of
reinsurers to pay their obligations; trends in persistency, mortality
and morbidity; competitive pressures, including those in the annuity
distribution channels, the ability to obtain adequate rates and policy
terms; changes in AFG’s credit ratings or the financial strength ratings
assigned by major ratings agencies to AFG’s operating subsidiaries; and
other factors identified in AFG’s filings with the
The forward-looking statements herein are made only as of the date of this press release. AFG assumes no obligation to publicly update any forward-looking statements.
American Financial Group, Inc.
Diane P. Weidner, 513-369-5713
Asst. Vice President - Investor Relations